Surat Diamond Bourse Finally Open for Business

By John Jeffay / November 23, 2023 / www.idexonline.com / Article Link

(IDEX Online) - The Surat Diamond Bourse (SDB) finally opened on Tuesday (21 November) almost three years late.The $355m bourse (pictured) was originally supposed to open in January 2020, according to the SDB website. That was put back by September 2021, to 2022 and then to April of this yearIt has officially been recognized by Guinness World Records as the largest office building in existence (7.1 million sq. ft of floor space), eclipsing The Pentagon, HQ of the US Defense Department.Local media reported that 135 diamond trading firms started operations at their offices at the SDB, among them 26 traders who had moved from Mumbai's rival Bharat Diamond Bourse (BDB).Earlier this month Kiran Gems, described as the world's largest rough diamond manufacturer, said it was relocating its headquarters, together with 1,200 employees, from Mumbai to the new Surat Diamond Bourse (SDB). It has built a dedicated apartment complex for its workers and their families, a 10-minute drive from SDB.Prime Minister Narendra Modi is due to officially open the building on 17 December.

Recent News

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok